Catalyst Funds Management Pty Ltd Raises Holdings in TechnipFMC plc (NYSE:FTI)

Catalyst Funds Management Pty Ltd raised its stake in TechnipFMC plc (NYSE:FTI - Free Report) by 1,353.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 40,700 shares of the oil and gas company's stock after purchasing an additional 37,900 shares during the period. Catalyst Funds Management Pty Ltd's holdings in TechnipFMC were worth $1,178,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC grew its position in shares of TechnipFMC by 55.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,476 shares of the oil and gas company's stock valued at $43,000 after buying an additional 525 shares during the last quarter. Compagnie Lombard Odier SCmA acquired a new position in TechnipFMC in the fourth quarter valued at $45,000. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of TechnipFMC during the fourth quarter worth about $46,000. EverSource Wealth Advisors LLC increased its position in shares of TechnipFMC by 393.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,678 shares of the oil and gas company's stock worth $49,000 after purchasing an additional 1,338 shares in the last quarter. Finally, V Square Quantitative Management LLC lifted its holdings in shares of TechnipFMC by 48.2% in the 4th quarter. V Square Quantitative Management LLC now owns 1,730 shares of the oil and gas company's stock valued at $50,000 after purchasing an additional 563 shares during the last quarter. Institutional investors and hedge funds own 96.58% of the company's stock.

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Analysts Set New Price Targets

Several research analysts have commented on the company. The Goldman Sachs Group started coverage on TechnipFMC in a research report on Friday, December 13th. They set a "buy" rating and a $38.00 price target on the stock. Jefferies Financial Group upgraded shares of TechnipFMC from a "hold" rating to a "buy" rating and upped their price target for the company from $29.00 to $40.00 in a research report on Friday, December 6th. Barclays raised their price objective on shares of TechnipFMC from $42.00 to $43.00 and gave the stock an "overweight" rating in a research report on Monday, March 3rd. Royal Bank of Canada started coverage on shares of TechnipFMC in a research note on Monday, November 18th. They set an "outperform" rating and a $37.00 target price for the company. Finally, Evercore ISI raised their price target on TechnipFMC from $37.00 to $39.00 and gave the stock an "outperform" rating in a report on Wednesday, January 15th. One investment analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Buy" and an average target price of $36.31.

Insiders Place Their Bets

In related news, EVP Justin Rounce sold 42,178 shares of the business's stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $26.55, for a total transaction of $1,119,825.90. Following the sale, the executive vice president now owns 140,207 shares of the company's stock, valued at approximately $3,722,495.85. The trade was a 23.13 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO David Light sold 10,147 shares of the stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $24.90, for a total transaction of $252,660.30. Following the completion of the transaction, the chief accounting officer now directly owns 7,529 shares of the company's stock, valued at approximately $187,472.10. This trade represents a 57.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.06% of the company's stock.

TechnipFMC Stock Performance

Shares of FTI stock traded down $0.17 during trading hours on Tuesday, reaching $28.11. 2,980,250 shares of the company's stock were exchanged, compared to its average volume of 3,717,158. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.14 and a quick ratio of 0.89. TechnipFMC plc has a 1 year low of $22.99 and a 1 year high of $33.45. The company has a market cap of $11.82 billion, a P/E ratio of 18.49 and a beta of 1.54. The company's 50 day moving average is $29.92 and its two-hundred day moving average is $28.63.

TechnipFMC Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Tuesday, March 18th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date of this dividend is Tuesday, March 18th. TechnipFMC's dividend payout ratio (DPR) is currently 10.42%.

About TechnipFMC

TechnipFMC plc engages in the energy projects, technologies, and systems and services businesses in Europe, Central Asia, North America, Latin America, the Asia Pacific, Africa, the Middle East, and internationally. It operates through two segments: Subsea and Surface Technologies. The Subsea segment engages in the design, engineering, procurement, manufacturing, fabrication, installation, and life of field services for subsea systems, subsea field infrastructure, and subsea pipe systems used in oil and gas production and transportation.